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AMA Insurance Agency offers 401(k) plan for physicians
NEWS IN BRIEF — Posted May 30, 2011
The American Medical Association's Insurance Agency has launched a 401(k) plan designed for physicians and others working at small medical practices, according to an April 28 announcement on the Association's website.
Physicians' 401(k) is a multiple employer plan that is offered by the Millennium Brokerage Group, a marketing partner of the AMA Insurance Agency.
The plan is a way for several companies to join together and offer a 401(k) much like a larger firm. Multiple employer plans tend to be less expensive than the ones set up by small companies.
More information about the plan is online (link).
Note: This item originally appeared at http://www.ama-assn.org/amednews/2011/05/30/bibf0530.htm.